As technology reaches far away, the online banking system is making its approach to this new generation. Cryptocurrency is getting its place in this huge market of risk.
Risk! Yes, the risk. The beginner in the field of cryptocurrency generally ends up falling into the trap of getting scammed.
They not only think that cryptocurrency is a piece of code that can be copied and used to produce more of it, but they also believe that people sitting on the web can help them in doing so.
Some of the biggest scammers in the cryptocurrency field are Moon bitcoin live, the bitcoin doubler, the bitcoin trader, and the bitcoin code.
These scams promise you to double your bitcoin within 24 hours or may even promise you to earn a profit of $12000 to $13000 a day.
Guiding you in the right way, ask yourself a question: is it possible to earn such a massive amount by doing nothing?
No! It’s not possible to earn this much amount through these apps. If in case it is possible, then why are we all doing these frustrating jobs. Right?
Moon Bitcoin Live Awesome Investment
Moon Bitcoin Live is one such scam running on a big scale that traps beginners by offering them double Bitcoins within 24 hours.
This website has false and unsubstantiated claims like “this site is best for investment,” “this site doubles your bitcoins, or “Moon bitcoin live an awesome investment.”
These claims are false. We suggest you be open-minded while dealing with such a website, it all depends on you. These scammers target those people who are pursuing new cryptocurrency. People who can believe them blindly and do not investigate before dealing with them are generally targeted.
This site may provide you with substantial proof but don’t fall in their trap because the payout proof is also as fake as their claims. The payouts are usually to their friends and family, or even morphed images through which they try to fool you to make you believe that it’s real, but it’s not.
A Major Red Flag
This website asks you to make an upfront investment. It makes your account for free by just entering the bitcoin address. Then it asks you to deposit about 5 Bitcoins to the company’s bitcoin depositing address.
And you will never get those bitcoins again.
This website also offers the targets an affiliate program and ensures a 20 percent commission from the program, thus encouraging them to make more joinings.
Another scam website, ‘The Bitcoin Trader.’
Moon bitcoin investment is not only the website that fraudsters run to trap bitcoin users. Bitcoin Trader is also one among them.
It asks you to deposit the amount of about $250 to get you set up with this website.
Isn’t it fishy that a website with such a reputation asks you for a payment of $250 for just setting you up? Yes, there is something fishy because it’s a scam.
This site ensures that they are working with a time-jumping mechanism and are ahead of the market by 0.01 second. And help to earn profit through this mechanism.
Just think for a second why a website or company having such a mechanism asks you to invest in them? They are not doing any social service, and also they do not want to remove rich-poor differences.
They want you to invest because they need the money. They will use your money without giving you a single penny in return. It is not a social service; it is an internet scam.
Bitcoin Code is also a scam. It is one of those websites which promise you a profit of about $13000 in exactly a day. Yes, a day not more than that. It is more than the monthly salary of some Indian engineers.
Now you may wonder how this website claims such a considerable profit. This website claims that it works on the mechanism of complete automatic exchange of cryptocurrency to country currency and vice versa.
This exchange is wholly based on the value of 1 cryptocurrency and one country currency at an instant of the day. This mechanism is only a fraud.
There is no website on the web with such a mechanism because bitcoin coding is not a child’s play. Even mining bitcoin is a hard job. The number of bitcoin mined or produced is restricted or limited for a long period.
How to protect yourself from Bitcoins Scam?
● Investigate the web before dealing with such a website because every website is not there to loot you up. Some sites provide you accurate information about scams of such websites.
● Be aware of unbelievable scams if websites make claims of profit that are hard for you to believe. Then don’t believe them because no website can provide you $1000 for doing nothing. There are no websites or companies which double Bitcoins for investing half in a day or a month.
● Be aware of fake registration like the Moon bitcoin live claims that it is registered through a genuine company of United Kingdom. All legally authorized companies have only one registered number. But Moon bitcoin live has two numbers one on the footer and the other on the scheme’s certificate.
● Check the authenticity of the website.
● Check whether the site is trying to save your bank account details during the payment.
You must never invest your money or bitcoin in the companies without getting full details of the company. They may be a fraud, and you must stay away from it.
Moon bitcoin live, the bitcoin doubler, the bitcoin trader, and the bitcoin code are the companies that are doing these fraudulent activities. These companies make people believe that they will double their bitcoins amount.
This doesn’t seem right, and now you should not invest in these companies in any case. In the greed of earning a huge amount of money in a short frame of time, people end up falling into these fraud schemes.
These websites must be exposed, and people must get aware of such scams.
Several huge scams are going on over the internet, and most of them target the newbies because they are easy prey.
We hope that this article may have added some new value to your life. This article may help you to get full details about online scams of bitcoin.
If you find this article useful, please share it with your friends and help them from getting scammed.